Treasury secretary digging in his heels on the topic of reopening saying, we cant shut down the economy again, sarah. Gary he cou gary cohn joins us and last month there were more bubbles to come hell join us to weigh in on todays down turn. And the black swan of 020, thats what sequoia labelled the pandemic in march. Well talk to partner roelof botha about how he views the startup landscape right now lets get to the selloff and our team of reporters to break it down mike santoli tracking the plunge Brian Sullivan on energy stocks. Meg terrell covering one big area of the market for the market, the rise in covid19 cases in some states mike, start us off with the broader ugly action that youre seeing in the final hour of trade. There was an easy way to deal with that and hard way we took the hard way a sharp and violent flush, maybe the start of something deeper. I want to point out stops along the way. The easy way is to flatten out the rally and go side ways were below a 5 pullback. T
You told me things were very frothy a lots happened since then. The wework had just come out. We know what happened with the wework blowup theres been this sense that you saw with the wag news. Theres been these companies have raised an extraordinary amount of money and pitching themselves as Tech Companies that really went Tech Companies. Wework was not a Technology Company. Swag not really a Technology Company, and the combination of trying to get the technology valuations on companies that shouldnt be trading that way and companies that are just raising too much money and have no financial discipline. Hopefully some of that is coming to an end but i still think valuations are going to be crazy for a while. I think, if anything, this signals the beginning of the end of these shoot the moon sort of Business Plans what i mean by that is we just they dont work for two reasons. One, companies are raising a tremendous amount of money and they do that primarily to try and have some sort of
All of that ahead. First to the lead in washington tonight, the chinese president sits down for a private dinner with president obama. There will be more than food on the menu. The two men will attend a formal state dinner tomorrow, but observers say tonights get together will allow president obama to have a much more frank discussion about the issues confronting both nations. One of the talking points will be cyber security. President obama is expected to bring up cyber attacks. How do you expect the dinner to proceed tonight . Are these dinners constructive . Guest that is what the white house said. The president gets to talk with out many people in the room and discuss the issues that face both countries. Cyber security is an issue both countries are facing and president obama says he will be frank in his discussions over the concerns he has that china is backing and supporting the hacking of u. S. Companies. Emily what is going to happen when it comes to cyber . Are we going to see
Disrupt. All of that ahead. First to the lead in chineseon tonight, the president sits down for a private dinner with president obama. There will be more than food on the menu. A formalen will attend state dinner tomorrow but observers say tonights get together will allow president obama to have a much more frank discussion about the issues confronting both nations. One of the talking points will be cyber security. President obama is expected to bring up cyber attacks. To do you expect the dinner proceed tonight . Are these dinners constructive . Guest that is what the white house said. The president gets to talk with out many people in the room and discuss wrinkly the issues that face both countries. Issue bothity is an countries are facing and president obama says he will be frank in his discussions over the concerns he has that china is backing and supporting the hacking of u. S. Companies. Emily what is going to happen when it comes to cyber . Are we going to see a deal and how eff
Interview from tech crunch disrupt. An extremely rare interview about where he is investing now. All of that ahead. First to the lead in washington tonight, the chinese president sits down for a private dinner with president obama. There will be more than food on the menu. The two men will attend a formal state dinner tomorrow, but observers say tonights get together will allow president obama to have a much more frank discussion about the issues confronting both nations. One of the talking points will be cyber security. President obama is expected to bring up a recent cyber attacks. Coming out of washington, how do you expect the dinner to proceed tonight . Are these dinners constructive . Reporter that is what the white house said. The president gets to talk with out many people in the room and discuss the issues that face both countries. Cyber security is an issue both countries are facing and president obama says he will be frank in his discussions over concerns he has that china i